Nebraska LB1193 regulates energy storage resources, changes property tax exemptions, and introduces a nameplate capacity tax for renewable energy.

Nebraska LB1193 amends tax laws to regulate energy storage resources, change property tax exemptions, and introduce a nameplate capacity tax for renewable energy facilities. The bill defines terms such as "energy storage resource" and "renewable energy generation facility." It exempts certain properties from personal property tax, including educational, religious, charitable, and cemetery organizations. The bill also mandates that energy storage resources comply with specific safety standards and submit site-specific emergency operations plans to local authorities.

Nebraska LB1193 regulates energy storage resources, changes property tax exemptions, and introduces a nameplate capacity tax for renewable energy.

Nebraska LB1193 amends tax laws to regulate energy storage resources, change property tax exemptions, and introduce a nameplate capacity tax for renewable energy facilities. The bill defines terms such as "energy storage resource" and "renewable energy generation facility." It exempts certain properties from personal property tax, including educational, religious, charitable, and cemetery organizations. The bill also mandates that energy storage resources comply with specific safety standards and submit site-specific emergency operations plans to local authorities.